Can Ethiopian Companies Meet The Listing Requirements Of African Stock Exchanges

Ethiopian companies are not benefiting from listing on stock exchanges because there isrnno stock exchange in Ethiopia. Foreign listing is an alternative solution to this problem.rnThus, this study examines whether or not Ethiopian companies meet the listingrnrequirements of African stock exchanges. The study also assessed the characteristics ofrnEthiopian companies (their strengths and weaknesses) in relation to stock exchangesrnlisting requirements so as to determine the availability of qualified companies for thernestablishment of a stock exchange in Ethiopia. The determinants of listing requirementsrnand listings are also investigated in this study.rnThe study adopts a mixed methods research approach. Specifically, the study usesrnsurveys of 17 Ethiopian share companies that are established after 1994 by offeringrnshares to the public via IPO and that has a minimum of two years operating history usingrnclosed ended self administered questionnaires to collect a quantitative data. In addition,rnthe study uses surveys of 15 African stock exchanges that have listing requirements onrntheir websites in English languages. The study also analyzed the qualitative listingrnrequirements of African countries stock exchanges (OECD 2004 Corporate GovernancernPrinciples) by comparing it with the Ethiopian companies’ corporate governance law.rnThe results of this combined research methodology reveal that Ethiopian companies canrnbe listed in other African countries’ stock exchanges and get benefited from listing. Therernare also qualified companies for the establishment of stock exchange in Ethiopia

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